CambodiaSarun Choem
With a loan of EUR 5,900 Sarun will be able to buy more construction materials in order to expand this business.
€5,900
3.25%
36 months
6 months
EUR
Currency| Amount | €5,900 |
| Interest | 3.25% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Read the information document of the issuer here
Sarun is a 42 year old resident in the capital city of Phnom Penh, Cambodia. She is a hard working women and has been operates a business with her husband to generate the family income from being construction service.
This business is getting well from day to day that is why she is now asking for a loan to buy more construction materials in order to expand this business. She believes with this investment will help her to get higher profits and raising her family profits.
| Company name | Phillip Bank |
| CEO | Sarun Choem |
| Founded | 2007-01-01 |
| Location | Prey Veng |
| Sector | Services |
| Turnover | €18,789.91 |
| Employees | 3 |
Impact
Phillip Bank is a microfinance institution in Cambodia that invests in people and their businesses via Micro-loans. By providing working capital to local entrepreneurs, they enable people in Cambodia to further expand their businesses and reach their potential for business growth and job creation.
Micro-loans are an effective tool against poverty. Research has shown that communities with more viable small local businesses have more balanced economies and higher average prosperity levels. Their turnover mainly flows back to their communities, ensuring economic growth and stability. The capital provided by Phillip Bank works towards sustainably improving families' financial well-being in rural and urban communities.
SDG’s impacted
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No poverty
SDG 8. Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
- With this investment 1 jobs are created
- With this investment 4 lives are improved
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We have already contributed to Sarun Choem
Poul BrandsGert Baas